✨Track on-chain rental distributions and secondary market pricing for 5604 Brownfield Dr (32 Units) in Lubbock, TX.
View on Lofty Marketplace ↗
Tier 2: Favorable Metric Profile🔥 DEEP DISCOUNTLubbock, TX SubmarketAlgorand ASA #3689020622🔥 27.82% 5-Year Projected IRR

5604 Brownfield Dr (32 Units)

Multi-Family • 64 Bed / 32 Bath • Total Tokens: 66,079 • Tokenized on Lofty / Algorand

View on Lofty ↗← Lubbock Hub
🏷️ Active Secondary Discount Opportunity: 🔥 Deep Discount: $20.90 (60.4% below initial offering)Secondary Pricing Spread
🎯 Quantitative Model Catalysts & Score Factors (Tier 2: Favorable Metric Profile):🔥 DEEP DISCOUNT
💰 Income & Dividend Cash Flow
84/100
📈 Residential Capital Growth
84/100
🏷️ Model Valuation Spread
69/100

⚡ Secondary Market Order Book

🟢 LIVE ORDER BOOK
BEST ASK (BUY PRICE)
$20.90
Depth: 455.2741 shares
BEST BID (SELL PRICE)
$20.27
Depth: 1514 shares
Bid-Ask Spread:$0.63 (3.0%)
Par Discount vs $50:-60.4% (Discount)

🏢 Property Manager

🛡️ VERIFIED PARTNER
🏢

Taylor Hou (APM)

📍 Dallas / Fort Worth, TX • 15 Public Properties

PropTech operator and real estate portfolio manager with automated tenant communication and rapid maintenance turnaround.

Registry ID: partner-taylor-houOfficial Site ↗

📐 Valuation & Model NAV Spread

Model Estimated Value (AVM FMV):$3,753,900
Implied Token Market Cap:$1,381,051.1
Discount to Model NAV:+63.21%
Secondary Token Price:$20.90 (Initial: $52.76)
Discount to Initial Offering:+60.4%
Gross Rent Multiplier (GRM):23.02x

💰 Rental Income & 5-Year Return Forecast

Realized Net Dividend Yield:9.98%
Projected 5-Year IRR:27.82% / yr
In-Place Monthly Rent:$13,592 / mo
HUD Fair Market Rent (2-3BR):$14,136 / mo
Mark-to-Market Rent Upside:+4.0%
Residential 1% Rule Ratio:0.36% / mo

📍 Lubbock Submarket Fundamentals & Growth Drivers

City Submarket:Lubbock, Texas (Dallas / Fort Worth / Houston)
Property Manager:Taylor Hou (APM) (Verified)
Neighborhood Grade:Grade B
School District Rating:7.6/10 (Appreciation Driver)
Landlord Law Environment:Very High
Local Property Tax Rate:2.1% / yr
Expected Residential Appreciation:+5.2% / yr
🐂 Institutional Bull Case

High rental demand for 64BR residential homes in Dallas / Fort Worth / Houston with 3.9% job growth. Mark-to-market rent upside (+4%) and model valuation spread (+63.21%) provide an attractive margin of safety.

🐻 Downside Risk Factors

Local property tax rate of 2.1% and routine tenant turnover could cause minor variance in monthly distributions.

🚀 Explore Listing on Lofty ↗📁 Official Property Documents⛓️ Allo Explorer👛 Pera Wallet

🔗 Compare Related Fractional Real Estate Deals

Other Deals in Lubbock, TX:

View all Lubbock properties →

More Properties in Texas (TX):

View all Texas properties →